We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

can i still claim missold ppi even though i went bankrupt

fedupbrokeandretired
fedupbrokeandretired Posts: 1 Newbie
edited 2 May 2011 at 9:08AM in Loans
Can anyone help with some advice please.
I took out a personal loan with MBNA 5 years ago with ppi and was made redundant 2 years ago, MBNA wanted proof of job seeking ,i was 61 when i took out loan,wasn't told that i was unsuitable age wise. any thoughts on this whether i have a justifiable claim?. Forgot to mention that i had to take out a DRO as no income exept garanteed pension credit.

Comments

  • amersall
    amersall Posts: 17,037 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Hi there, you will be able to claim mis sell, I think as you are on a DRO the "win" will go to this, is this loan included in the DRO?.
    Someone else may know more about this and will post i am sure.

    Look here for reasons for mis sell
    http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#checklist
    I am sure some if not all will apply to your circumstances.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    On what grounds were you unsuitable for PPI - Men's retirement age then was 65 - you were under it - did you go bankrupt just because of this debt?
  • dresdendave
    dresdendave Posts: 890 Forumite
    Part of the Furniture 500 Posts Photogenic
    If you were declared bankrupt shouldn't a payout for PPI be split between the creditors you failed to repay?

    The above is merely an observation and is not meant to be judgmental.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.3K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.